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The Elusive BOTTOM - bulls floundering as QT begins


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#51 K Wave

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Posted 06 June 2022 - 11:05 AM

AMZN been faillin' since the big excited "everyone is buying it"....

 

Now watching to see if Rusty can get red...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#52 K Wave

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Posted 06 June 2022 - 11:09 AM

AMZN takin' aim on low of day...see if it holds or not....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#53 12SPX

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Posted 06 June 2022 - 11:12 AM

average long 4125



#54 dTraderB

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Posted 06 June 2022 - 11:13 AM

ES 4200 high last week -- highest HIGH in recent times

ES 4160-70 strong resistance today, lower HIGH today, so far

 

ES 4125-30 Strong support/resistance zone

 

If ES does not close above the above, starting from 4125-30 THEN NEW LOWS for 2022 is most likely

 

Today's swift plunge from that 4160-70 zone is VERY BULLISH

 

Can the BULLS save it today?   does not seem so, as I see it at 12:12 pm



#55 K Wave

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Posted 06 June 2022 - 11:14 AM

AAPL and MSFT still making no headway at their respective resistance zones....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#56 dTraderB

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Posted 06 June 2022 - 11:15 AM

Today's swift plunge from that 4160-70 zone is VERY BULLISH

 

LOL

 

VERY BEARISH

 

ES 4200 high last week -- highest HIGH in recent times

ES 4160-70 strong resistance today, lower HIGH today, so far

 

ES 4125-30 Strong support/resistance zone

 

If ES does not close above the above, starting from 4125-30 THEN NEW LOWS for 2022 is most likely

 

Today's swift plunge from that 4160-70 zone is VERY BULLISH

 

Can the BULLS save it today?   does not seem so, as I see it at 12:12 pm



#57 K Wave

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Posted 06 June 2022 - 11:15 AM

SOX beat rusty to red...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#58 dTraderB

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Posted 06 June 2022 - 11:17 AM

UVXY turns GREEN! 

Holding 1 ES & NQ HEDGE SHORT, will roll into SEP contract soon

Will add more TLT CALLS if it drops below 114



#59 K Wave

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Posted 06 June 2022 - 11:19 AM

Crude still trading very nicely...

 

All Time high area still in play as long as 116 holds..

 

Below 116, get outta Dodge quick...

 

cl.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#60 K Wave

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Posted 06 June 2022 - 11:22 AM

VIX trying to setup very short term bull mode on the 1 min chart...

 

But back below 25.20, and bears may fumble their attempt to roll it back over today...

 

This also looks like big decision area on VIX


Edited by K Wave, 06 June 2022 - 11:23 AM.

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy